MMA Capital Holdings Announces the Partial Prepayment and Amendment of the MTA Note and Other Transactions
Specifically, Hunt made a $13.4 million unscheduled prepayment of principal on the MTA Note and, in connection with this prepayment, the MTA Note was amended so that it will fully amortize in 20 equal quarterly payments of $2.68 million beginning on March 31, 2020.
- Specifically, Hunt made a $13.4 million unscheduled prepayment of principal on the MTA Note and, in connection with this prepayment, the MTA Note was amended so that it will fully amortize in 20 equal quarterly payments of $2.68 million beginning on March 31, 2020.
- The Company received $3.1 million of cash payments in connection with the Additional Transactions and anticipates recognizing a $1.9 million gain in the fourth quarter.
- Michael Falcone, MMA Capital's Chief Executive Officer stated, "In our ongoing efforts to improve returns for shareholders we are pleased to announce Hunt's voluntary partial prepayment of the MTA Note and its amendment.
- MMA Capital is externally managed and advised by Hunt Investment Management, LLC, an affiliate of Hunt Companies, Inc. For additional information about MMA Capital Holdings, Inc. (Nasdaq: MMAC), please visit MMA Capital's website at www.mmacapitalholdings.com .